Weatherford Announces Director Nominees And Annual Meeting Agenda
Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) today announces its director nominees for 2013 and informs its shareholders of the agenda for the 2013 Annual General Meeting. Weatherford has nominated two new directors this year: Mr. John D. Gass and Mr. Francis S. Kalman. Mr. Gass is …
International Petroleum Limited: Update on Loan Facility
Further to the announcement made on 5 April 2013, International Petroleum Limited (International Petroleum or the Company), advises its shareholders that it has not yet received the US$15million loan funds from the unrelated third party pursuant to the loan facility (Loan). The Company is in discussions with the lender in respect …
Suzunskoye Field Reserves Increase by 15% Following Additional Exploration
Recoverable reserves of Suzunskoye field increased almost 15% reaching 44.9 mln tonnes of oil. Revaluation was conducted after drilling of an additional well, which gave flow rate of 281 tonnes per day. Supplementary exploration was conducted after specialists of Tyumen Oil Scientific Center thoroughly researched geological peculiarities of Suzunskoye field …
Yamal Oil and Gas 2013
On 23-24 May 2013 the city of Salekhard will host the key oil and gas event in the Yamal region, the II International Conference Yamal Oil and Gas 2013. The event gathers federal and regional government, top managers of Russian and international oil and gas companies, leading technology and equipment …
EU Commission Approves Creation of Joint Venture “OneSubsea” by Cameron and Schlumberger
The European Commission has approved under the EU Merger Regulation the proposed creation of a joint venture combining the subsea businesses of Cameron of the US and Schlumberger of the Netherlands. Cameron manufactures and supplies technical products for the oil and gas industries, such as drilling systems, valves, etc. Schlumberger …
Cadogan Petroleum Plc: GPS Litigation Update
Further to the announcement of 16 April, Cadogan Petroleum Plc is pleased to confirm completion of the sale of the gas plants referred to therein, following receipt in full of the agreed consideration of $29.5 million. In accordance with the terms of the settlement documentation, the parties are now taking appropriate …
Bashneft’s financial results hit a record high in 2012
In 2012 Bashneft demonstrated a consistent improvement of its financial results. In 2012 the Group’s revenue from sales increased by 9.5% year-on-year and amounted to 532,502 million roubles. EBITDA added 5.2% and reached 98,690 million roubles. In 2012 net income attributable to the shareholders of the parent company totalled 52,088 million roubles, which is 4.5% higher than in 2011. The growth of revenue, EBITDA and …
Slavneft: Q1 Production at 4.23 million Tons of Oil
From January to March 2013, Slavneft’s entities produced 4.23 mln tons of oil and 207.2 mln cubic meters of gas. As compared to the same period of 2012, oil production reduced by 5.5% and gas production – by 3.8%. From the beginning of year, the drilling meterage amounted to 189.2 …
Drilling Industry Gathers at the 1st RDCR in Moscow
The 1st Russian Drilling Contractors Roundtable was held last week at the Swissotel Krasnye Holmy in Moscow and was an overwhelming success for everyone involved. The event saw over 190 delegates attend in total, with over 115 of those being made up of delegations from 12 of Russia’s leading drilling …
Max Petroleum: ZMA-A24 Strikes Hydrocarbons
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA – A24 development well in the Zhana Makat Field has successfully reached a total depth of 871 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans …